The World Bank has an opening for a travel-loving junior professional who enjoys working on private equity fund investments in a cosmopolitan, university-like atmosphere.
The World Bank’s pension and endowments department, located a block from Dupont Circle in Washington, D.C., manages a $30 billion pension plan along with related assets. From LinkedIn it appears that the private equity team is relatively small. It includes at least two principal portfolio managers and a senior portfolio manager.
At a 20 percent allocation, private equity represents one of most significant asset classes in the portfolio. Dating back to the early 1980s the private equity portion includes venture capital, growth equity, buyout and distressed-for-control funds operating in both developed and developing markets. The department also invests in private credit, real estate, infrastructure, and energy strategies.
You’ll find, I’m told, an inclusive, multi-cultural atmosphere at the World Bank, which operates in more than 170 countries and whose dual mission is to reduce poverty and spread prosperity. You’ll also spend a fair amount of time on the road, given that its general partners are located around the world.
The office building at 1225 Connecticut Avenue sits just a block from bustling DuPont Circle, which anchors a trendy area of coffee shops, restaurants and stores. It’s a 10 minute-walk to reach the main World Bank building complex, home to endless opportunities for self-improvement in the form of volunteer opportunities, lectures and employee clubs.
Benefits, according to the World Bank Web site, include life, disability and accident insurance provided at no cost to employees; and participation in the pension plan. New employees receive 26 days of annual leave–generous by U.S. standards–and 15 days of sick leave.